SUMTER TRUST CO. v. SUMTER COUNTY et al

Messrs. Lee Moise, for appellant, cite: "Subrogation" defined: 120 S.C. 56. Case distinguished: 114 S.C. 323. Defendant surety company failed to give notice of assignment; estoppel: 31 A.L.R., 876; 66 L.R.A., 760. Messrs. Nelson Mullins, for respondent, Union Indemnity Company, cite: Legal and conventional subrogation: 49 Minn., 386; 25 R.C.L., 1312. Surety performing obligation of principal entitled to subrogation to rights against principal: 68 S.C. 436; 208 U.S. 404; 52 L.Ed., 547; 164 U.S. 227; 41 L.Ed., 412; 4 F.2d 810; 240 F., 400; 153 C.C.A., 326; 215 F., 45; 114 F., 529; 52 C.C. A., 313; 71 N.J. Eq., 657; 65 A., 466; 148 N.W., 55; 172 P., 126; L.R.A., 1918-D, 732. Surety's right to subrogation dates from execution of contract: 68 S.C. 436; 208 U.S. 404; 52 L.Ed., 547; 164 U.S. 227; 41 L.Ed., 412; 172 P., 126; L.R.A., 1918-B, 732; 4 F.2d 810. Equitable assignments: 114 S.C. 207; 103 S.E., 499; 8 F.2d 446. Plaintiff not entitled to subrogation: 99 Neb. 785; 157 N.W., 924. Elements necessary to constitute equitable estoppel: 16 Cyc., 750 and 756. Duty of party dealing with agent to inquire into his authority: 21 R.C. L., 908. Priorities between successive assignees of chose in action: 264 U.S. 182; 31 A.L.R., 876. Same; South Carolina rule: 57 S.C. 481; 38 S.C. 147; 22 S.C. 29; 4 Rich. Eq., 105; 2 Pomeroy's Eq. Jur., 4th Ed., Sec. 687.